1927-D $20 MS (PCGS# 9187)

2010 January Orlando, FL FUN US Coin Auction #1136

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    2331
  • Grade:
    MS66
  • Price:
    $1,495,000.00
Lot Description
1927-D $20 MS66 PCGS. Heritage is excited and privileged to offer an example of the 1927-D Saint-Gaudens double eagle, the most elusive regular-issue U.S. coin of the 20th century. This specimen is certified MS66 by PCGS, one of five so graded. PCGS has graded eight pieces from MS63 to a single MS67, placing this coin in a tie for second-finest and comfortably at the high end of the Condition Census (11/09). Of the 13 total coins certified at both services, four or five likely represent duplications or crossovers from one service to the other. Based on the detailed pedigree research and previously unpublished photos that we present below, we can document a maximum of 13 specimens today, of which only nine coins (and possibly as few as seven) are publicly held and available--at least theoretically--in the numismatic marketplace. The Smithsonian Institution possesses three examples that are presumed off the market forever; another has reposed in the Connecticut State Library's Museum of Connecticut History since its acquisition directly from the Denver Mint in 1927. The King of 20th-Century Regular Issues The 1927-D double eagle has earned a longstanding and well-deserved reputation as the rarest regular-issue U.S. coin--gold or otherwise--of the 20th century, although it was the late 1940s-early 1950s before that perception was generally acknowledged. Examples of the 1927-D double eagles have been responsible for many record-shattering performances in the decades after they first appeared in the numismatic spotlight during the 1940s, in the process gaining recognition as legendary rarities and dethroning numerous other issues. Heritage has been privileged to offer three different examples at auction over the past 15 years. The MS67 PCGS specimen from the Phillip H. Morse Collection of Saint-Gaudens Coinage brought $1,897,500 when we offered it in our Dallas Signature Auction (11/2005, lot 6697). A couple of years ago, that price was the fourth all-time highest paid f
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